IFAST's Growth Momentum Likely to Continue -- Market Talk

Dow Jones
Feb 16

0311 GMT - Singapore wealth-management platform iFAST's growth momentum is likely to continue this year, says DBS Group Research's Lee Keng Ling in a note. The company's assets under administration is likely to keep expanding as its pension business grows in Hong Kong, the analyst says. IFAST is targeting double-digit revenue growth in the Hong Kong segment, she notes. DBS raises its 2026 profit projection by 3% thanks to improved margin estimates stemming from a lower effective tax rate, but cuts its 2027 profit forecast by 2% on lower revenue assumptions. The bank raises its target price to S$12.15 from S$12.00 and maintains a buy rating. Shares fall 0.1% to S$9.38. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 15, 2026 22:11 ET (03:11 GMT)

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